Business Daily from THE HINDU group of publications
Tuesday, May 20, 2008
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Commodities (May 19)
Gold (per gram) Rs1,154
Silver (per gram) Rs25.90
Brent crude (per bbl) Rs5,296
Markets (May 16)
BSE Sensex17434.94 (+81.40)
S&P CNX Nifty5157.70 (+42.45)
US Dollar42.70 (-0.07)


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SBI suspends loans for buying tractors, farm equipment
Decision prompted by rising bad loans; ‘wilful defaulters in some pockets’ More

Are software payments royalty or business profit, ask foreign cos
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Smaller investors may miss portfolio management services
Mumbai, May 19 Smaller investors may now find it difficult to get portfolio management services (PMS), with the market regulator SEBI last week disallowing pooling of resources by the portfolio manager.SEBI’s directive raises the ... More

US students keen on studying in India
Pressure on US universities for more exchange programmes with Indian varsities More

Nuclear deal ‘down to the last days’
Chennai, May 19 The Indo-US nuclear deal is “down to the last days”, says Mr David Mulford, the US Ambassador in India. Mr Mulford said today that if the Indian side does not come up with a decision to go ahead with the deal ... More

ONGC Videsh to relinquish block in Libya
‘Partners feel the block does not hold significant potential’ More

After Seychelles and Brunei, Hatsun setting up ice-cream unit in Fiji
New Delhi, May 19 After Seychelles, Hatsun Agro Product Ltd is now planning to put up a manufacturing facility for its ‘Arun’ ice-cream in Fiji.“We hope to commission the plant by September. Just as in Seychelles, this ... More

Truckers lukewarm to floating rates
Now is not the right time for the product: ICICI Bank More

Indian holdings of US securities on the decline
Move to diversify forex reserve basket, minimise risk from weakening dollar More

Export curbs: A knee-jerk approach to stabilising the economy
More

TODAY'S PICK (Latest Audio: English/Tamil)
Ashapura Minechem (Rs 248.15): Buy
We recommend a buy in Ashapura Minechem from a short term perspective. It is evident from the chart that the stock has been on a medium term down trend from the January peak at Rs 448. This down trend was arrested at Rs 168 in March and the stock ... More

Day Trading Guide
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Oilseeds under the crusher
At the recently concluded Globoil International 2008 seminar in Dubai, the recurring theme was what would happen to the global vegetable oil market in the face of continued spikes in crude oil prices, support for biofuels, planting area ... More

TRAI seeks views on draft satellite radio policy norms
New Delhi, May 19 The Telecom Regulatory Authority of India (TRAI) has sought views on the changes it has proposed in the draft satellite radio policy guidelines, including doubling the current entry fee to Rs 5 crore. The TRAI has ... More

Rogue whirl in Arabian Sea may spin up as cyclone
The onset phase of this year’s monsoon may likely feature a cyclone in the west Arabian Sea, with the European Centre for Medium-Range Weather Forecasts (ECMWF) expecting a yet-to-be-born rogue circulation to spin up to class-matching ... More

LPG diversion
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